POMIX vs. PREFX
Compare and contrast key facts about T. Rowe Price Total Equity Market Index Fund (POMIX) and T. Rowe Price Tax-Efficient Equity Fund (PREFX).
POMIX is managed by T. Rowe Price. It was launched on Jan 30, 1998. PREFX is managed by T. Rowe Price. It was launched on Dec 29, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POMIX or PREFX.
Key characteristics
| POMIX | PREFX | |
|---|---|---|
| YTD Return | 6.01% | 8.45% |
| 1Y Return | 24.25% | 32.66% |
| 3Y Return (Ann) | 6.51% | 5.17% |
| 5Y Return (Ann) | 12.44% | 13.67% |
| 10Y Return (Ann) | 11.76% | 14.07% |
| Sharpe Ratio | 1.92 | 2.15 |
| Daily Std Dev | 12.66% | 15.19% |
| Max Drawdown | -55.54% | -56.70% |
| Current Drawdown | -3.68% | -4.65% |
Correlation
The correlation between POMIX and PREFX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
POMIX vs. PREFX - Performance Comparison
In the year-to-date period, POMIX achieves a 6.01% return, which is significantly lower than PREFX's 8.45% return. Over the past 10 years, POMIX has underperformed PREFX with an annualized return of 11.76%, while PREFX has yielded a comparatively higher 14.07% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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POMIX vs. PREFX - Expense Ratio Comparison
POMIX has a 0.20% expense ratio, which is lower than PREFX's 0.76% expense ratio.
Risk-Adjusted Performance
POMIX vs. PREFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Equity Market Index Fund (POMIX) and T. Rowe Price Tax-Efficient Equity Fund (PREFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
POMIX vs. PREFX - Dividend Comparison
POMIX's dividend yield for the trailing twelve months is around 1.38%, more than PREFX's 0.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
POMIX T. Rowe Price Total Equity Market Index Fund | 1.38% | 1.46% | 1.49% | 1.53% | 1.55% | 1.72% | 2.89% | 1.63% | 2.41% | 2.08% | 1.49% | 1.27% |
PREFX T. Rowe Price Tax-Efficient Equity Fund | 0.56% | 0.61% | 0.88% | 2.09% | 1.98% | 0.55% | 1.36% | 3.08% | 0.22% | 0.55% | 4.27% | 2.27% |
Drawdowns
POMIX vs. PREFX - Drawdown Comparison
The maximum POMIX drawdown since its inception was -55.54%, roughly equal to the maximum PREFX drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for POMIX and PREFX. For additional features, visit the drawdowns tool.
Volatility
POMIX vs. PREFX - Volatility Comparison
The current volatility for T. Rowe Price Total Equity Market Index Fund (POMIX) is 3.72%, while T. Rowe Price Tax-Efficient Equity Fund (PREFX) has a volatility of 4.71%. This indicates that POMIX experiences smaller price fluctuations and is considered to be less risky than PREFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.